{"id":6252,"date":"2018-05-01T17:38:06","date_gmt":"2018-05-01T17:38:06","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6252"},"modified":"2018-05-01T17:38:06","modified_gmt":"2018-05-01T17:38:06","slug":"madison-timber-properties-ponzi-scam","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/madison-timber-properties-ponzi-scam\/","title":{"rendered":"$85M Ponzi Scam Allegedly Defrauded at Least 150 Investors"},"content":{"rendered":"<p>\t\t\t\tThe US Securities and Exchange Commission has filed fraud charges in an alleged $85M <a href=\"https:\/\/www.investorlawyers.com\/\">Ponzi scam<\/a> that may have defrauded at least 150 investors. The defendants in the civil case are Arthur Lamar Adams and his Madison Timber Properties, LLC. Prosecutors have brought a parallel criminal case against Adams charging him with two counts of wire fraud. They contend that Adams\u2019 fraud ran from 2011 through last month and his Ponzi scam involved fraudulently securing over $100M from over 250 investors in at least 14 states.<\/p>\n<p>Adams Allegedly Provided False Information to Investors in the Ponzi scam involving his business Madison Timber Properties.<\/p>\n<p>According to the regulator\u2019s complaint, Adams lied when he told investors that their funds would go toward obtaining and harvesting timber from different land owners. He also promised 12-15% yearly returns. In truth, contends the SEC, Adam\u2019s company did not have harvesting rights and Adams allegedly forged documents, deeds, and cutting agreements. The regulator is accusing Adams and Madison Timber Properties of violating the federal securities laws\u2019 antifraud provisions, making untrue statements and omissions, and committing fraud through their business actions. A court has approved the regulator\u2019s request for an asset freeze<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/madison-timber-properties-ponzi-scam\/\"  title=\"Continue Reading $85M Ponzi Scam Allegedly Defrauded at Least 150 Investors\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission has filed fraud charges in an alleged $85M Ponzi scam that may have defrauded at least 150 investors. The defendants in the civil case are Arthur Lamar Adams and his Madison Timber Properties, LLC. Prosecutors have brought a parallel criminal case against Adams charging him with two counts of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3910,4092,3792],"tags":[3059,2872],"class_list":["post-6252","post","type-post","status-publish","format-standard","hentry","category-bond-funds","category-madison-timber-properties","category-ponzi-scams","tag-madison-timber-properties","tag-ponzi-scam"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Madison Timber Properties Ponzi Scam | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"Learn about the Madison Timber Properties Ponzi scam, where the SEC has filed fraud charges after 150 investors may have been defrauded.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/madison-timber-properties-ponzi-scam\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Madison Timber Properties Ponzi Scam | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"Learn about the Madison Timber Properties Ponzi scam, where the SEC has filed fraud charges after 150 investors may have been defrauded.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Madison Timber Properties Ponzi Scam | SSEK Law Firm Blog","description":"Learn about the Madison Timber Properties Ponzi scam, where the SEC has filed fraud charges after 150 investors may have been defrauded.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/madison-timber-properties-ponzi-scam\/","twitter_card":"summary_large_image","twitter_title":"Madison Timber Properties Ponzi Scam | SSEK Law Firm Blog","twitter_description":"Learn about the Madison Timber Properties Ponzi scam, where the SEC has filed fraud charges after 150 investors may have been defrauded.","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; 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